Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-02-17
XXTH LEGISLATURE.
The Bill Fixing the Liability OF Stock.
holders in Corporations Is De-
feateG in the Senate.
The House Amends the Bill Regulatips tho
Assessment of Property and Pre-
scribing Rules for Tax Collectors.
THE SENATE.


Special to the Gazette.
AUSTIN, Ten, Feb. 16.-In the Senate
to-day petitions were offered as follows
by Senator Davis of Madison county
asking that cooperative stores be per
mitted to be incorporated; also from clti,
zens of the state, asking the establishment
of reformatory.
BY Senator Houston, from tae State
Bar Association, asking certsin amend,
ments to the laws of the state. -
Senator Harrison, for the cOmmi;teepn
counties aud county boundaries, repQited
back the bill creating the counties Of AL
bion, Jeff Davis, Hayne and Prentiss out
substituting Buchell for Albion, and
Falloy for Hayne, and, as amended,
recommended its passage.
Senator Glasscock, for the committee
on education, reported back the House
bill providing for uniform system of
text books, with substitute providing
for textbook libraries in several coun-
ties.
Senator Jarvis, for the committee on
finance, reported favOrably the substitute
for the House bill extending the time for
the redemption of lands sold Tor taxes
favorably the bill to require tax collectors
to pay taxes direct to the State Treas
urer.
Senator Pope, for the committee on
public lands, reported fsvorably the bill
to validate patents in Greer county, with
a minority report.
Senator Glassccck called up the joint
resolution No. 4, requesting the Attorney
General to institute suits against all rail
roads and other corporations TO recovet
lands forfeited by reason of non-com-
pliance with their charters. The resolu-
ton was adopted.
Senator Terrell called up the bill to
permit married ladies to become incor-
porators and officers in interpretations
organized for charitable purposes, and II
passed to its third reading.
Senator Burney called up House bill
No. ll3 to create six new counties OF
Tom Green, which passed to the third
reading.
Senator Harrison called up Senate bill
No. l2G, making each stakeholder individ
ually liable to pay the debts of the corpo-
ration to the extent of the amount unpaid
on his stock, and for an additional amount
equal to the amount Of stock owned by
him.
Senator Gregg argued against the bill
as its effect would be to stfie small CAPT
talists and throttle small enterprises,
such as gin companies, ice factories, and
other enterprises in cities and towns. He
said ne knew The bill was in accord will
plank in the Democratic platform
adopted at Galveston, but that the plank
was put in through sickly sentimental.
ity. and against the intelligence of the
convention. The bill would accomplish
no good, ana he opposed it.
Senator Mcdonald argued against the
bill and in briet but logical address
explained his posit:rn. He commended
that it's passage would prevent corpora
ton for fair purchases, steel railways and
many other enterprises, as no good bust
ness man would go into such enterprises.
Besides it Disseminated against our own
people, as corporations outside OF the
state would not be affected and could
come into the state and cOndnct their
business regardless of its provisions.
Senator Allen was tired of legislation
which made the rich richer and the poor
poorer, and he favored the bill, and
wanted corporations to start Just as indi-
viduals.
Senator Lane made an able argument
10 favor of the bill and defended the &C.
ton of the Democratic convention 81
Galveston.
Senator Jarvis supported the bill. He
was q member of the Democratic conven-
ton, aud while objecting to the plank il
the platform he had promised to support
it, and he had promised his people during
the canvass to support some such law
He thought The object OF the law goot
one.
The Senate refused to pass the bill .tc
its third reading by the following vote
Yeas-Senators Abercrombie, Allen, Ar
instead, Burney, Camp, Claiborne, Har-
risou, Jarvis, Lane, Woods and Wood
ward. Total, IL.
Nays-Senators Bell, Burgess, Cal
houn, DAVIS, Field, Frank, Glasscock
Houston, Knittle, Mcdonald, Pope, Ter
rell. Upshaw. Total, II.
Senator BurneY, for judiciary commit
tee No. reported favoraDly the bill pro
viding for reporter for the high court:
at salary of $4,000 per annum.
THE HOUSE.
House bill No. 3O4, extending tor ter
years the payment OF the principal Of the
purchase money, for school ant
asylum lands sold under the act!
Of April "a and %, 1874, wa;
passed. The time prescribed run:
from the date when the original obliga
tions given for payment or the principa
of the obligations shall have become
due.
House bill No. %, regulating and pro
viding for more accurate assessments O
property in this state and prescribing
rules for the direction OF tax collectors